Which Program Shifted More of the Responsibility of Running Welfare

question 57

Multiple Choice

Which program shifted more of the responsibility of running welfare programs onto individual states and mandated time limits for the number of months a person can receive aid?

• A) Women, Infant, and Children Nutrition Program
• B) Economic Opportunity Act
• C) Personal Responsibility and Work Opportunity Reconciliation Act
• D) War on Poverty

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Definitions:

Present Value

Present value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Annuity

A financial product that pays out a fixed stream of payments to an individual, often used as an investment for retirement.

Earnings Rate

A measure of the profitability of a company or investment, typically expressed as a percentage.

Net Present Values

A method used in capital budgeting to analyze the profitability of an investment or project by calculating the present values of all cash inflows and outflows.